Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful on Friday that the Chinese market would recover soon as it moves out of the coronavirus crisis.
Portuguese car component manufacturers, among the country's top exporters, are calling thousands of employees back to work even before a nationwide COVID-19 lockdown is lifted as Europe's automotive sector resumes production.
Companies will be able to hold their annual shareholders' meeting over the phone or online during the coronavirus pandemic under a promised new law, Britain's business ministry and accounting watchdog said on Friday.
Oil prices were mixed on Friday as news of President Donald Trump's plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China's worst quarterly economic contraction on record.
U.S. stock index futures jumped on Friday as President Donald Trump laid out plans to re-open the economy from coronavirus-induced lockdowns and on reports of encouraging data on a drug to potentially treat COVID-19.
A growing number of companies has nixed earnings guidance amid the coronavirus pandemic, and some in the corporate world say they should be dropped permanently.
Gig workers, independent contractors and the self-employed have a more roundabout process to file for unemployment benefits than traditional salaried workers, experts say.
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Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the third quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to "sell".
From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow.
Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19.
Procter & Gamble Co beat expectations for quarterly profit on Friday as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
The Internal Revenue Service inadvertently deposited some of the coronavirus stimulus payments into the accounts of deceased Americans.
Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing tougher requirements.
U.S. stocks jumped on Friday following President Donald Trump's new guidelines to reopen the economy and on a report of a drug to potentially treat COVID-19, while Boeing headed higher on plans to resume production.